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US stock markets are mixed and flat going into the afternoon session (SPY -0.04%). The S&P 500 and the Nasdaq Composite lost ground after touching record highs after French voters elected market-friendly Macron as their next president.

What Is Moving the Markets

(Reuters) - The S&P 500 and the Nasdaq Composite lost ground after touching record highs on Monday as investors looked for fresh catalysts following centrist Emmanuel Macron's widely expected victory in the French presidential election.

(Reuters) - Warren Buffett said on Monday that United Airlines made a "terrible mistake" in handling the fallout after a man was forcibly dragged off a United flight, a bloody confrontation that sparked global outrage.

(Reuters) - Tyson Foods Inc said on Monday quarterly profit fell 21 percent, hurt by fires at two chicken plants, and that Florida's attorney general was seeking information from the company regarding a probe into possible anticompetitive behavior.

CHICAGO (Reuters) - The U.S. Federal Reserve has now met its employment goal and is nearing its inflation goal, despite some weak recent economic data, so it should continue raising interest rates, Cleveland Fed President Loretta Mester said on Monday.

SAN JUAN, Argentina(Reuters) - Barrick Gold Corp failed to complete improvements to the Veladero mine in Argentina that could have prevented the third spill of cyanide solution in 18 months, leading to eventual sanctions for the world's biggest gold miner, a judge told Reuters.

AMSTERDAM (Reuters) - Dutch paint maker Akzo Nobel on Monday rejected a third takeover proposal from PPG Industries , leaving its larger U.S. rival to decide whether to make a formal bid without the support of Akzo's board, or throw in the towel.

LONDON (Reuters) - The largest global banks in London plan to move about 9,000 jobs to the continent in the next two years, public statements and information from sources shows, as the exodus of finance jobs starts to take shape.

BERLIN (Reuters) - A confidential report by the German Defence Ministry has warned that technical challenges and contractual wrangling with Airbus could impair full operational use of Europe's A400M military transport plane.

Sen. Rand Paul, the former Republican presidential candidate and vocal champion of civil liberties, has received allegations that the Obama administration sought intercepted intelligence from the National Security Agency on him and other members of Congress and has asked President Donald Trump to conduct a formal investigation, Circa has learned.

Paul quietly asked for the probe nearly a month ago in a letter to Trump that was obtained by Circa.

"An anonymous source recently alleged to me that my name, as well as the names of other Members of Congress, were unmasked, queried or both, in intelligence reports of intercepts during the prior administration," Paul wrote Trump in a letter dated April 10.

"In light of the revelations that the names of persons associated with the Trump campaign were unmasked, I believe the allegations that myself and other elected members of the legislative branch may have also been unmasked or caught in intelligence gathering warrants investigation."

The emergence of the letter, which also was copied to White House Chief of Staff Reince Priebus and senior Trump adviser Steve Bannon, comes after Circa recently reported that members of Congress and their staffs have been unmasked in NSA intelligence reports as frequently as once a month since President Obama loosened privacy protections back in 2011.

With Sally Yates and James Clapper both scheduled to testify before Congress at 2:30pm today, Donald Trump had several suggestions for the list of questions for Ms. Yates, which he decided to share this morning over Twitter. "Ask Sally Yates, under oath, if she knows how classified information got into the newspapers soon after she explained it to W.H. Council", Trump tweeted, referring to Yates' conversation with White House counsel Donald McGahn. And while we doubt that this particular concern will be addressed, a new report from NBC suggests that a more unpleasant line of questioning may emerge, one having to do with why Trump hired his now former National Security Advisor Mike Flynn after he was reportedly warned by Obama not to do so.

As NBC reports, Obama had warned Trump against hiring Mike Flynn as his national security adviser less than 48 hours after the November election when the two sat down for a 90-minute conversation in the Oval Office.

A senior Trump administration official acknowledged Monday that Obama raised the issue of Flynn, saying the former president made clear he was "not a fan of Michael Flynn." Another official said Obama's remark seemed like it was made in jest.

Obama's warning pre-dated concerns inside the government about Flynn's contacts with the Russian ambassador, one of NBC's sources said. Obama passed along a general caution that he believed Flynn was not suitable for such a high level post, the official added. As a reminder, the Obama administration fired Flynn in 2014 from his position as head of the Defense Intelligence Agency, largely because of mismanage ...

Texas Republican Governor Greg Abbott has officially signed into law a measure to punish so-called "sanctuary cities," despite pleas from some of the police departments of cities like Austin to halt the bill they said would hinder their ability to fight crime. Sure, because enforcing laws tends to 'hinder' the crime-fighting process.

Per Reuters, the Republican-dominated legislature passed the bill on party-line votes and sent the measure to Abbott earlier this month. The bill is designed to punish local authorities who do not abide by requests to cooperate with federal immigration agents. Police officials found to be in violation of the law could face removal from office, fines and up to a year in prison if convicted.

The measure also allows police to ask people about their immigration status during a lawful detention, even for minor infractions like jaywalking.

Of course, Texas, which has an estimated 1.5 million illegal immigrants and the longest border with Mexico of any U.S. state, has been at the forefront of the immigration debate.

"As governor, my top priority is public safety, and this bill furthers that objective by keeping dangerous criminals off our streets," Abbott said in a statement. The law will take effect on Sept. 1.

Of course, some law enforcement officials, like "sanctuary" Sally Hernandez of Travis County (Austin), has vowed to fight Abbott's legislation and, up to this point, has refused to cooperate with federal immigration agents.

Sports programming has long been considered the glue binding U.S. consumers to their pay-TV subscriptions, which is why cable networks have shelled out billions for the rights. Now news is reaffirming its own power to keep viewers hooked.

The S&P 500 and the Nasdaq Composite set fresh records intraday Monday, but trading activity was listless after Emmanuel Macron's closely watched presidential election victory in France on Sunday helped to ease some concerns about turmoil in the eurozone.

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